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Volkswagen Q1 sales may overtake Toyota
Volkswagen Q1 sales may overtake Toyota
Posted Friday, Apr 17, 2009, 1:05 pm in Employee News
Volkswagen’s global vehicle sales fell by 11.4 percent in the first quarter, but its market share gains may have let it overtake Toyota Motor as the world’s top-selling automaker, Reuters reported.
Government incentives in key markets have fuelled demand for the German group’s vehicles, limiting its sales decline even as the global market shrank by more than a fifth, the new service said.
VW’s first-quarter group sales of 1.39 million vehicles—excluding truckmaker Scania, but including VW trucks and buses for two months—gave it a global market share of 11 percent, up from 9.7 percent a year earlier, the company said in a statement.
Toyota has given no forecast for retail sales, but its latest estimate for shipments for the 2009 first quarter is 1.23 million vehicles, down 47 percent from a year earlier, the story said. (Reuters/Automotive News)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
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